SB 390

This bill permits an annuitant under the Wisconsin Retirement System, who

is a member of a retiree organization that is affiliated with an employee organization,

to have the Department of Employee Trust Funds (DETF) deduct from the

annuitant's annuity monthly voluntary payments for either organization or an

entity affiliated with either organization. Under the bill, the secretary of employee

trust funds must establish a procedure for deducting monthly voluntary payments

and for designating the organizations and affiliated entities eligible to receive the

voluntary payments. The procedure must require that DETF, at the request of an

organization or affiliated entity, mail to annuitants any printed information and

membership materials for the organization or affiliated entity. The organization or

affiliated entity must provide DETF the printed information and membership

materials and DETF must identify to the organization or affiliated entity the total

number of annuitants.

The bill also requires the secretary to charge organizations and affiliated

entities that wish to receive monthly voluntary payments a fee to cover all costs for

mailing the printed information and membership materials.

Finally, the bill provides that, when remitting deducted voluntary payments to

an organization or affiliated entity, the secretary must, for each annuitant from

whose annuity voluntary payments are deducted, provide the organization or

affiliated entity with the annuitant's name, amount of the deduction, and a unique

identifier.

Because this bill relates to public employee retirement or pensions, it may be

referred to the Joint Survey Committee on Retirement Systems for a report to be

printed as an appendix to the bill.